11.49 -0.03 (-0.26%)
Pre-Market: 7:00AM EDT
|Bid||11.50 x 2200|
|Ask||11.54 x 800|
|Day's Range||11.51 - 11.64|
|52 Week Range||10.14 - 13.48|
|PE Ratio (TTM)||5.97|
|Forward Dividend & Yield||0.60 (5.36%)|
|1y Target Est||N/A|
Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Brazilian truck drivers on Tuesday vowed to extend their protest against high fuel prices into a third day despite a government compromise to cut a fuel tax, threatening to slow economic activity and interrupt exports of grains and other goods. Thousands of trucks were parked to obstruct major roads as the protests interrupted traffic along a major soy shipping route in the grains state of Mato Grosso and impeded access to the country's two main export ports, Santos and Paranaguá.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Ford Motor Company (NYSE:F) a safer option. Big corporations are much sought after by risk-averseRead More...
GM and most auto stocks rose amid news that China will reduce import tariffs on autos and auto parts. But Tesla, which should be a big winner, fell sharply.
The largest US auto parts retailer by store count, AutoZone (AZO), released its fiscal Q3 2018 earnings today before the market opened. The company’s third fiscal quarter covered the 12 weeks that ended on May 5. AZO’s third-quarter adjusted earnings rose 17% year-over-year to $13.42 per share, beating Wall Street’s consensus estimates of $12.97 per share.
A man suspected of trading wild bursts of gunfire with officers during a long standoff in the Florida Panhandle was found dead Tuesday in a gasoline-soaked apartment after an armored vehicle approached, authorities said. "We were just blessed that we didn't lose multiple officers and citizens today," Bay County Sheriff Tommy Ford said at a news conference in Panama City, a small Gulf Coast city near the state's famous sugar-sand beaches. No law enforcement agents were shot or wounded but one person leaving her apartment was injured and in stable condition, he said.
China's Finance Ministry said Tuesday that it will slash import tariffs on automobiles into the world's biggest car market in what could be the most significant step by officials in Beijing to placate demands of President Donald Trump to trim the country's multi-billion trade surplus with the United States. China will cut the tariff to around 13.8%, the Ministry said, from the current level of 25%, while reducing the levy on imported car parts to 6% from 10%, in an effort to open the market further to foreign competition. The reductions will take effect on July 1, the Ministry said in a statement.
On Tuesday morning, automakers woke up to some good news: China would lower its import taxes for automobiles. The country pledged to lower its import tariffs down to 15% from 25% for passenger vehicles, while import tariffs on auto parts will be set at 6%. Given that Ford, GM and many other foreign automakers already have operations in China, the lowered import tax likely won't have a major impact on earnings.
World stock markets were little changed on Tuesday as Wall Street investors locked in recent gains even as European shares approached four-month peaks and China moved to further open up its economy. Washington ...
Self-driving cars are one of the hottest spaces in the technology sector in 2018 and, not surprisingly, that's translating into some equally hot price action in the companies behind the tech. As I write, scores of technology and automobile companies are scrambling to develop advanced autonomous vehicle programs before their rivals have a chance to bring them to market. Leading things off is chipmaker Nvidia Corp.
Advance Auto Parts (AAP) released its fiscal Q1 2018 earnings today before the market opened, which covered the 16 weeks up to April 21. On the negative side, Advance Auto Parts’ first-quarter sales continued to disappoint investors with a negative trend for the third consecutive quarter. In the first quarter, the company’s net sales fell 0.6% year-over-year to $2.87 billion, also worse than Wall Street’s consensus estimates of $2.91 billion.
China’s move to reduce tariffs on imported cars to 15 percent makes little difference to U.S. automakers. Traditional Detroit brands such as Chevrolet collectively exported fewer than 100,000 vehicles to China last year. “I don’t think it changes much,” Kevin Tynan, an autos analyst for Bloomberg Intelligence, said by phone.
The Mustang is also—in addition to the lovely but peripheral $400,000 GT, which sold 10 units last year—the only actual car spared Ford’s Reaper scythe (as opposed to trucks and SUVs). No surprise: Global demand for the new 2018 model has driven the Mustang family to its third straight year as the best-selling sports coupe in the world, with global sales totaling 125,809 cars last year and two-thirds of those going to the United States. Over the past five years, Ford has sold half a million Mustangs in the U.S.